Solutions
Audax Group has completed the sale of Phillips & Temro Industries (PTI) to Harbour Group, a private operating company located in St Louis, Missouri.
PTI is a premier global supplier of highly engineered thermal technology systems headquartered in Eden Prairie, Minnesota and has operations in the United States, United Kingdom and China.
Through its five locations, PTI designs, engineers, manufactures and sells highly engineered thermal technology systems, solutions and controls for mission-critical applications in the oil & gas, off-road equipment, heavy/medium/light duty truck, power generation, and automotive industries. Since Audax’ initial investment in 2012, the Company has transformed into a
ABRY Partners is to sell its equity interest in NSM Insurance Group to a subsidiary of American International Group.
ABRY has been invested in NSM, a national leader in the development, marketing, and underwriting of industry-specific insurance programs, as well as an industry leader in the Wholesale Brokerage arena, since January of 2012.
"ABRY has been a great partner," says Geof McKernan, President and CEO of NSM. "Their support has helped make NSM a better organization and we have enjoyed working with them over the past three years."
"It has been our pleasure to work with Geof and the world-class
Blue Pillar, a provider of software-based solutions that increase real time visibility and control into distributed energy assets, has secured a USD14 million financing led by EnerTech Capital.
This round of financing also included the Maryland Venture Fund and existing investors Allos Ventures, Arsenal Venture Partners and Claremont Creek Ventures and will scale the company to meet the accelerating demand for its Aurora® Digital Energy Internet of Things and Avise Foresite Centralized Facility and Fleet Management software platforms.
"Blue Pillar had a record year in 2014 for both revenue and new customer additions," says Tom Willie, CEO of Blue Pillar.
Segulah IV, Rempo AB and minority shareholders have completed the sale of SCAN COIN Holding AB to SuzoHapp Sweden AB, a portfolio company of ACON Investments (ACON). Terms of the transaction have not been disclosed.
Baird Global Investment Banking advised SCAN COIN and its shareholders on the sale.
SCAN COIN is a leading global provider of cash handling equipment and services, headquartered in Malmö, Sweden, with manufacturing in Sweden and the UK. SCAN COIN has own sales subsidiaries in 14 countries across Europe, North America and Asia, and is represented through distributors in over 100 countries.
Segulah is
North Castle Partners, its co-investors and Glencoe Capital have sold Flatout T Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation for a purchase price of USD92 million on a cash‑free, debt‑free basis.
For North Castle Partners, a leading private equity firm focused on consumer businesses that promote Healthy, Active and Sustainable Living, the transaction represents another successful exit in the nutrition sector.
"The growth of Flatout and its sale to T Marzetti Company is another example of North Castle's strategy to partner with accomplished entrepreneurial management teams to build high-growth brands that are of significant value to strategic
Osney Buy-Side has identified the top three challenges currently facing European asset managers: the role of technology in driving growth; the continuing wave of regulation; and lack of standardisation in cash flow management.
These three issues will be addressed at the 14th annual TSAM Europe, which returns to London on 17 March, along with the latest strategies and developments in the asset management industry.
The role and importance of technology in driving growth for the future of the industry is of high importance, and at the front of asset manager’s minds. The issue will be addressed in the event’s
Berlin-based Absolventa GmbH, a jobs portal with around 50 employees that attracts in excess of 1.1 million visitors per mont, is being sold to the FUNKE media group of Essen.
Absolventa is notable for its outstanding mobile usability, user-friendliness and the perfect fit of the jobs displayed. These factors help to explain the portal’s high level of customer loyalty and very high recommendation rates.
A team headed by lead partner Dr Jörg Zätzsch and Dr Igor Stenzel advised the Absolventa shareholders on the sale.
Zätzsch says: “Following numerous sales of Berlin-based start-ups in 2014, this deal is further proof that
A subsidiary of USD54 billion global infrastructure fund Morgan Stanley Infrastructure Partners (MSIP) is to sell Montreal Gateway Terminals to a consortium led by Fiera Axium Infrastructure.
The terms of the transaction have not been disclosed.
The MSIP subsidiary, MGT Holdings S.a.r.l (MGT Holdings), acquired an 80 per cent interest in Montreal Gateway Terminals in February 2007 in an exclusively negotiated transaction and secured 100 percent ownership in December 2013. Montreal Gateway Terminals is the largest operator at the Port of Montreal and the second-largest container facility in Canada. The Port of Montreal is the third-largest container port servicing the
Financial services software and software-enabled services provider SS&C GlobeOp has created a new group to support fund administration, accounting and reporting for hybrid fund structures.
The industry continues to witness the convergence of the traditionally separate asset classes of hedge funds and private equity style closed-end funds. More and more funds include fixed income assets such as bank loans and distressed debt held in a private equity structure with a waterfall mechanism and capital calls. Other examples include private investments as part of a hedge fund portfolio strategy or a fund-of-fund investing in private equity investments, and trading in securities
Private equity firm OpenGate Capital is to sell one of its portfolio companies, Kotkamills Oy, to MB Funds, an independent Finnish private equity firm focused on acquisitions in the Nordic market.
Kotkamills is located in Kotka, Finland and is a manufacturer of specialty papers and wood-based products. The transaction is expected to be complete within the next 60 days. Financial terms were not disclosed.
OpenGate Capital acquired Kotkamills from Stora Enso in July of 2010. From the onset of the acquisition, OpenGate viewed Kotkamills as a business with tremendous potential for growth and renewed profitability. In the four and a
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
